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Investor Rewards to Climate Responsibility : Evidence from the 2016 Climate Policy Shock
Ramelli, Stefano; Wagner, Alexander F.; Zeckhauser, Richard - 2019 - Revised July 2019
Donald Trump's election and his nomination of Scott Pruitt, a climate skeptic, to lead the Environmental Protection Agency drastically downshifted expectations on US climate-change policy. We study firms' stock-price reactions and institutional investors' portfolio adjustments after these...
Persistent link: https://www.econbiz.de/10012480961
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Designing Climate Mitigation Policy
Aldy, Joseph E. - 2009
appropriate scope of regulation, issues in policy instrument choice, complementary technology policy, and international policy …
Persistent link: https://www.econbiz.de/10012463627
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The Economics of Climate Change
Goulder, Lawrence H. - 2006
Global climate change poses a threat to the well-being of humans and other living things through impacts on ecosystem functioning, biodiversity, capital productivity, and human health. This paper briefly surveys recent research on the economics of climate change, including theoretical insights...
Persistent link: https://www.econbiz.de/10012466748
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Uncertainty, Climate Change and the Global Economy
von Below, David - 2008
The paper illustrates how one may assess our comprehensive uncertainty about the various relations in the entire chain from human activity to climate change. Using a modified version of the RICE model of the global economy and climate, we perform Monte Carlo simulations, where full sets of...
Persistent link: https://www.econbiz.de/10012464221
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Mitigating Disaster Risks to Sustain Growth
Hong, Harrison - 2020
We provide the planner's solution to a model where households learn from exogenous natural disaster arrivals about arrival rates and spend to mitigate future damages. Mitigation cannot be decentralized due to positive externalities from curtailing aggregate risks. First-best can be implemented...
Persistent link: https://www.econbiz.de/10012482023
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Spillovers from Climate Policy
Holland, Stephen P. - 2010
Climate policy spillovers can be either positive or negative since firms change their production processes in response to climate policies, which may either increase or decrease emissions of other pollutants. Understanding these ancillary benefits or costs has important implications for climate...
Persistent link: https://www.econbiz.de/10012462500
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Climate Engineering Economics
Heutel, Garth - 2015
, strategic interaction in the design of international environmental agreements, and the sources of risk and uncertainty …
Persistent link: https://www.econbiz.de/10012456959
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Optimal Carbon Abatement in a Stochastic Equilibrium Model with Climate Change
Hambel, Christoph - 2015
growth rate impact if damages are presumably severe. We also study the effect of varying risk aversion and elasticity of … intertemporal substitution on our results. If damages are moderate for high temperatures, risk aversion only matters when climate … temperatures, then the results also become sensitive to risk aversion for both damage specifications …
Persistent link: https://www.econbiz.de/10012457623
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The Climate Policy Dilemma
Pindyck, Robert S. - 2012
Climate policy poses a dilemma for environmental economists. The economic argument for stringent GHG abatement is far from clear. There is disagreement among both climate scientists and economists over the likelihood of alternative climate outcomes, over the nature and extent of the uncertainty...
Persistent link: https://www.econbiz.de/10012460455
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The design and implementation of US climate policy
Fullerton, Don (contributor);  … - 2012
Persistent link: https://www.econbiz.de/10013480729